Business news from Ukraine

Public joint-stock company Ukrgazvydobuvannia in January-March 2018 decreased net profit by 6.4% or UAH 504.3 million year-over-year, to UAH 7.324 billion.
According to a company report on its website, net revenue over the period grew by 4% or UAH 721.512 million, to UAH 18.685 billion.
Gross profit fell by 5.9% or UAH 599.587 million, to UAH 9.606 billion.
Ukrgazvydobuvannia, which is wholly owned by NSJC Naftogaz Ukrainy, is a large gas processing company, which accounts for about 75% of total gas output in the country.
It operates Shebelynka gas refinery, Yablunivske department to process gas, Bazylivschyna condensate stabilization unit, and 19 filling stations in Kharkiv region. The latter sells fuel and liquefied gas of its own production. Shebelynka gas refinery started production of petrol and diesel fuel of Euro 5 emission standard in 2018.

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